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Investment Leading Districts to be designated in Geosan, Chungbuk-do and Naju, Jeonnam-do

According to Yonhap News,

The Ministry of Land, Infrastructure and Transport (MOLIT) announced on September 1 that 'Goesan Natural Dream Town' and 'Naju Bitgaram Energy Cluster Type District' of Chungbuk-do and Jeonam-do, respectively, has been designated as investment leading districts, which they had applied for job creation and economic revitalization.

The Investment Leading District is a development zone where the MOLIT identifies and fosters regional strategic projects to foster basis for regional growth or to stimulate private investment.

The MOLIT has selected 18 leading investment districts since 2015, of which 11 districts have reached the designation and the project is underway.

In the Goesan Natural Dream Town Investment Leading District, an organic industrial complex that produces, processes, and sells local organic food and a complex organic town that combines housing and tourism will be built.

Goesan-gun and the iCOOP Producers Cooperative will invest KRW 255.6 billion on a site of 862,387 square meters to develop it as a growth base for local culture and industry in connection with tourism resources in the area.

About 20 organic food companies are expected to move into the project district, and support facilities including food inspection center, distribution center, residential complexes consisted of 252 apartments and 188 detached houses, movie theaters, and hotels will be built.

The national funding of KRW 9.3 billion will be supported for the installation of infrastructure such as access roads, parking lots, and thematic forest roads.

Source Text

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Source:Yonhap News (September 1, 2021)

** This article was translated from Korean.